RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Cheetah Mobile Inc stock downgraded from Strong Buy Candidate to Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy candidate since Mar 22, 2024 Gain 14.04% PDF

The Cheetah Mobile Inc stock price fell by -0.741% on the last day (Wednesday, 27th Mar 2024) from $2.70 to $2.68. During the last trading day the stock fluctuated 6.45% from a day low at $2.63 to a day high of $2.80. The price has fallen in 7 of the last 10 days but is still up by 7.2% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -126 thousand shares and in total, 43 thousand shares were bought and sold for approximately $114.91 thousand.

The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $2.71 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 17.95% during the next 3 months and, with a 90% probability hold a price between $2.63 and $3.19 at the end of this 3-month period.

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CMCM Signals & Forecast

The Cheetah Mobile Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $2.47 and $2.35. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -0.741%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Cheetah Mobile Inc stock

Cheetah Mobile Inc finds support from accumulated volume at $2.64 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.170 between high and low, or 6.45%. For the last week the stock has had daily average volatility of 8.04%.

Our recommended stop-loss: $2.57 (-4.06%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (CMCM) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Cheetah Mobile Inc to open at $2.70, and during the day (based on 14 day Average True Range), to move between $2.55 and $2.81, which gives a possible trading interval of +/-$0.134 (+/-5.00%) up or down from last closing price. If Cheetah Mobile Inc takes out the full calculated possible swing range there will be an estimated 10.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $2.70 (0.75%) than the support at $2.64 (1.49%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Cheetah Mobile Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Cheetah Mobile Inc stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 1.114 Buy Candidate Downgraded

Predicted Opening Price for Cheetah Mobile Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$2.70 ( 0.87%) $2.68

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for CMCM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.87 7.20 %
R2 2.81 4.78 %
R1 2.77 3.29 %
Current price: 2.68
Support S1 2.64 -1.55 %
S2 2.60 -3.05 %
S3 2.53 -5.47 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 2.70 0.746 %
Current price 2.68
Support S1 2.64 -1.49%
S2 2.49 -7.09%
S3 2.12 -20.90%

CMCM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 26, 2020 Jun 22, 2020 Jul 09, 2020 $7.20 62.61%
2 Aug 28, 2019 Sep 12, 2019 Sep 30, 2019 $2.50 13.97%

FAQ

What is the symbol for Cheetah Mobile Inc Stock and on which exchange is it traded?
The symbol for Cheetah Mobile Inc is CMCM and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Cheetah Mobile Inc Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Cheetah Mobile Inc stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

How to buy Cheetah Mobile Inc Stock?
Cheetah Mobile Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Cheetah Mobile Inc Stock.

What's the current price of Cheetah Mobile Inc Stock?
As of the end of day on the 2024-03-27, the price of an Cheetah Mobile Inc (CMCM) share was $2.68.

What is the 52-week high and low for Cheetah Mobile Inc Stock?
The 52-week high for Cheetah Mobile Inc Stock is $2.98 and the 52-week low is $1.64.

What is the market capitalization of Cheetah Mobile Inc Stock?
As of the 2024-03-27, the market capitalization of Cheetah Mobile Inc is 77.692M.

When is the next earnings date for Cheetah Mobile Inc?
The upcoming earnings date for Cheetah Mobile Inc is Apr 09, 2024.
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About Cheetah Mobile Inc

Cheetah Mobile Cheetah Mobile Inc. operates as an internet company in the People's Republic of China, the United States, and internationally. The company's utility products include Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices; Security Master, an anti-virus and security application for mobile devices; and Duba Anti-virus, an internet security application to protect users against known and unknown security t... CMCM Profile

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